PTE

a crop grown mainly to be sold rather than consumed by the people who grow it

to use goods or services to meet needs or wants

A process of improving an economy’s productive capacity and people’s living conditions and opportunities.

International exchange conducted with few or no government barriers such as tariffs or import quotas.

Spending that creates or adds to capital goods, buildings, or inventories in the economic production sense.

The physical or mental work people contribute to producing goods and services.

An organization of workers that represents their shared interests in dealings with employers.

The lowest rate of pay legally permitted for workers covered by a particular wage rule.

The value of the best alternative that must be given up when a choice is made.

the exchange of goods transported across land rather than by sea

The quantity of goods and services that a sum of money or an income can buy.

Gross domestic product measured after adjusting for changes in prices over time.

economic and social change or improvement within a region, including changes in employment, services, and living conditions

the distribution of available resources among different people, activities, or purposes

A market situation in which the quantity buyers want and can purchase exceeds the quantity sellers offer at the stated price.

A coordinated stoppage of work by employees intended to press a demand or protest an employment issue.

A good or service that buyers can use instead of another to meet a similar need.

An excess of the value of a country's imports over its exports for the stated goods or services coverage and period.

a path regularly used by merchants to transport goods between places

Without work for pay or profit, available to work, and actively seeking work in the standard labor-statistics sense.

a particular task that someone agrees to complete after a meeting

A planned series of advertisements that work together to promote a product, service, or message.

Something bought or offered at a price that is low compared with its value or usual price.

to receive enough income to cover costs without making a profit or loss

a document explaining a business’s aims, activities, resources, and expected costs and income

An advertisement presented in audio or video form, especially on radio, television, or an online service.

A business organization recognized as a legal entity separate from its owners, who typically hold shares.

a letter sent with a job application to explain the applicant’s suitability and interest

to give another person responsibility for carrying out a task